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1) Yes (multiple coins)
2) March 2012
3) Yes
4) Yes
5) B
6) Yes
7) N/A
8 ) Many of the clonecoins are annoying and will continue to be annoying, but as I've seen, it's all part of the process. Although, the recent uptick of IPOs resulting in scams is quite unfortunate. I'm also very curious on what shakes out from this survey. I hope to see collated results that are broken down by various Bitcointalk demographics (such as member status).
9) Sure, those sort of things are always possible. Although, it's more likely that if an unexpected opportunity arises, it'll be for a nice job, not necessarily a nice career; after all, careers are built over long periods of time (i.e. years).
10) It's a different concept, but besides the link to crypto-currencies what makes it different from other types of entrepreneurial-styled pay sites? In fact, seeing that you are trying to work something where you can get receive discounts on coins from whales alongside the IPO type of structure makes it seem a slight bit suspicious.
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It's biased just as usual. But the fact of the matter is that a lot of the mainstream is slanted in this manner too and as unfortunate as it is, Mt. Gox was one of the main Bitcoin media players. After all you don't hear too much about the other Bitcoin services because they usually have their crap together. Mt. Gox other the other hand has always managed to garner more media attention than healthy.
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The contest is live guys, please submit your entries! Once the entries start the ball should get rolling!  Also, even though the contest has started, you can still make contributions, no matter how small! Even 100 Noble is appreciated. Total: 463,356 Noble |(x2 by Noble team)| 926,712 Noble raised if you haven't done so already, please consideratie submitting an entry to the contest. this is a great opportunity to expand your noble wallet holdings! please start contributing! this contest needs entries, else it needs to be canceled or extended! I know, what can we do to raise some interest? Can some people comment on it so it keeps coming up? I would do it but I'm starting to look sad... I'm thinking of extending entry time and providing bounties for the first 10 serious entries. (ie. 2k noble for the first 10 entries)) I think that is a good idea. We need something to spark interest from others for this campaign. Has this contest been posted on other locations such as reddit/fb/twitter and other crypto-currency forums? |
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I have nearly 2 Million NOBL tied up in coinmarket.io still. Any idea how I could get them out?
There are periods where the site is up for moments at a time. You could try waiting for one of those periods. Other than that though, the best is to sit tight and wait. There is a ton of FUD surrounding them, and there may be hints of validity with some of the FUD, but I'm not convinced that things are as awful as it seems with them. I don't think anyone got "Goxxed" per se. Their biggest issue is their lack of communication (which is a pretty big issue), but it's not the be all end all. |
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Whats up with the 100$ jump @btc?
Is that why noble's price lowered?
Because no one is buying it? And there is someone that is not much interested in the value to go up just now! Coinex bot is a proof of that trading always on a downtrend! If this keeps up we are going to see Noble trading under 20 satoshi and keeps on going till someone starts actually buying and putting some buy support walls! I already did my investment at higher prices. I am not going to invest again when no one cares to put some buy support on this coin especially when there is only one exchange with significant volume trading it! There is also another way which is to add Noble to other large exchanges other than Coinex but it seems very hard to do that! Go figure... Yes, in general, when BTC goes up, a lot of folks diversify and shift a portion of their funds in the various alts to BTC so that they can ride the upswing and quickly gain profits or recoup losses (generally, the latter is the case when people have a significant amount of their crypto-currency portfolio in alts). That said, looking at the trend for the week, NOBLE has been on a slight downturn. Although trading bots are a factor, I think news surrounding other crypto-currencies and the extended downtime of coinmarket.io has had a more significant impact on price. For kicks and giggles, I'll say that assuming BTC gets up to around $750 this week, I see a low-floor of NOBLE at around 29-32 satoshi. As BTC goes on its upswing and more people recoup losses, I would expect a delayed response from the various alt-markets as people put money back into alt-markets once recovery is significant enough. With the additional news from the Devs and the restart of coinmarket.io hopefully sometime this week (despite all of the negativity surrounding the extended downtime), I expect a fairly strong bounce back. Can't say where the new floor will be after that though. |
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The biggest problem with going the remittance route is that (at least in the US -> Philippines route that my cousins go about) the value needs to be done via USD for taxation/documentation purposes. I definitely agree that there is potential using Bitcoins, but there are some significant regulation hurdles that would need to be overcome. And I don't think the costing for that type of infrastructure is as high as a priority. That and the constant price swings of BTC. Sure all fiat also goes through price swings, but when you have to go through two compounded possible price swings, there could definitely be huge issues.
Thinking in an utopian perspective, this means that if i want transfer money with a remittance service (for example US -> Philippines) must be carried via USD, so if i want to transfer BTC is the same. Right? Should be (ignoring all of the USD taxation/regulation laws), the problem is once it gets there, converting it to the local currency. USD is easily convertible (with fees) to PHP, but there is no BTC-> PHP conversion service I can think of. So it'd have to be converted BTC -> USD -> PHP. |
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I suggest you look up "remittance" as there's a massive market there and bitcoin is perfect for it. As mentioned above M-Pesa is already making big steps forward in introducing it to Africa. I think one of the driving ideas behind creating bitcoin was to reach exactly those poor people and help to lift them up to the level of everyone else by giving them financial freedom because most of them cannot afford a bank account. Good luck with your research The biggest problem with going the remittance route is that (at least in the US -> Philippines route that my cousins go about) the value needs to be done via USD for taxation/documentation purposes. I definitely agree that there is potential using Bitcoins, but there are some significant regulation hurdles that would need to be overcome. And I don't think the costing for that type of infrastructure is as high as a priority. That and the constant price swings of BTC. Sure all fiat also goes through price swings, but when you have to go through two compounded possible price swings, there could definitely be huge issues. |
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The biggest advantage is the speed, ease, low transaction costs of sending money to other virtually.
But the biggest drawback that overtakes any of the convenience is the fact that most poor countries transact locally using cash. And because a lot of people don't have personal banking accounts, converting their BTC to fiat is very cost-prohibitive and possibly impossible.
Sure this issue can be solved if stores would accept BTC as payment, but considering that general infrastructure is poor in those regions, I don't think developing infrastructure for Bitcoins is a priority.
[Admittedly, people could transact using paper wallets filled with varying amounts, but that's basically using cash except with an increased risk/cost [private keys, needing to make paper wallets, and of course, the ever changing price of BTC when pair to fiat].
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There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining? I should clarify and state that I think the current affect in the mining realm is that people are starting to consolidate costs in anticipation for the more powerful ASICs that are possible to be produced within this year; so that is affecting mining. Currently, at the moment, there are Gridseeds, which are pretty solid (300 kH/s at 7 W/h) overclockable to 400 kH/s but I wouldn't say that those are enough to "kill" GPU mining for Litecoins and its clones. However, I feel fairly confident in at least one of the other major designers producing sometime this year. If (and despite my confidence, there is still a modicum of doubt) everything comes to fruition, that's looking at a possible influx of up to 200 GH/s within the first few waves. |
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you can still reach roi pretty fast, just be there when a new coin is launched, that's all you need
And a pinch of luck. Not all coins are winners. Hehe. |
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There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
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Can't believe the price!! I have been trying to lay off checking every day, and have only just withdrawn my NOBL from coinmarket.io today to see it is worth 1/4 what I paid for it.
Gutted!
Lets hope people see the true value of this coin.
Edit/ have just read back the last few pages and can see Rofo has put into place some tidy advancements. Well done.
I'm very sure that the Dev team has some great things upcoming and I think it'll really help with the value of NOBLE. As part of the cycle that I have seen with lots of crypto-currencies, we're still in the stage where the daily mined inflation numbers still have a strong impact on the coin. NOBLE just went under the 2% daily inflation rate only a few days ago and it'll hit the 1% inflation rate in about 6 weeks. When it hits that time, I'd think that would be a good time (in terms of the long-term prospects) to evaluate how far NOBLE has come in regards to market penetration, growth, and the roadmap. I personally still have great confidence and I think that there is a lot of things to come with NOBLE in the upcoming weeks! |
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I know one person who spent $500 on those Gox coins.
Hell, I'll be honest though, if the price dropped to $10, I probably would've tried buying some.
You're the perfect example of greedy pigs. If the price is that low , then it even means something is wrong. Its not about risk management, its about stupid greedy gamblingand we all know how that turns out. What if i open an exchange, make the site looks "so nice and modern" that has btc priced at $10, would you send me money? I'm actually glad idiots whos trying to buy btc at $100 lost all their money. They're never bitcoiners, just bunch of parasites who cares about profits and MONEY, fiat money. Yes it is a gamble, but so is supporting the Bitcoin protocol (which I am proud to support and proud to be a community member of). And yes, sure it may be "greedy" but it's also a calculated risk based on a history (albeit very clouded) of them having gotten out of stupid catastrophes in the past. The reason why I would go and snatch up a few coins in at such a "low" value is because in a sense, when the disparity is that significant (50:1) it's essentially a niche prop bet. At least in my eyes. I'm sorry that my post impassioned you in the wrong manner; that was not my intent whatsoever. I was just being frank and candid about how at that type of disparity, the "gambling itch" would kick in for me as I think it would for many others. I did not in any way mean to downplay, ridicule, or justify the losses of others; nor did I mean to imply how "good" it would be to attempt to take advantage of a situation like this. |
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I know one person who spent $500 on those Gox coins.
Hell, I'll be honest though, if the price dropped to $10, I probably would've tried buying some.
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 And hell, if you're gonna go down in flames, why not add to the damage right? Their liabilities outweighed what they had by a ton as it stood already. They were either banking on some sort of miracle or frankly decided to push their bounds of incompetence. |
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The foremost thing is that mods here are under no obligation to enforce this type of requirement.
Even if they wanted to though, why should they fundamentally? Shouldn't it behoove the miners and adopters of a currency to come to this realization? What ever happened to doing your own research and personal responsibility?
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Alternatively, you could make a coin that people can mine for roughly 4 years but all of the coins go to a supposedly "cold" wallet. The final mined total will be roughly 744,000.
And after 4 years, demurrage kicks in at a 100% value and sends all of the coins to some random wallet!
Yay!
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Wanted to say that I completely agree with the dev here. Noblecoin has done a lot more than 90% of the other coins out there - and has a clear vision of where it wants to go and what it wants to achieve. I support it fully and as Digibyte has shown (it has 8,000 coin block rewards) you can have a lot of coins and be worth a lot more than Noble is at the moment.
Whenever people jump on new coins they're not 'early adopters', they're just chancers whose only hope for the coin is that it hits an exchange and they can dump it as quickly as possible.
If you are mining Noble now - even though it has been around for weeks - you are an early adopter. If you believe in the coin and you are holding some of it for the future, you are supporting the coin. You are getting a lot of Noble whilst it is very easy to get. If the coin grows - as we all hope - then you will in time be rewarded for your support.
However, this will not happen if at the first slump you jump ship to some other new coin and chance your arm on that. If you want Noble to increase in value: mine it, share it, donate to Noble charities, buy stuff with it, get a merchant to accept it, promote it - be part of the community.
Don't just moan about the value of the coin and the dev as if they personally owe you something. The dev in this instance has been communicative, has delivered everything they have said they would and are working hard at making this coin last. We can ensure the coin's survival by continuing to mine and continuing to help the community - oh, and also be prepared not to keep dumping the coin at whatever low price is offered.
+1 This is so very true. I have been in the crypto-currency scene for a while and sticking with a coin and supporting its growth is one of the biggest things in making a coin successful. There are quite a few cases in which this was the defining factor. Of course, one of the hardest things in supporting a coin is maintaining the balance of paying costs and providing support. And sometimes, you have to take the bitter end of that pill in order to continue supporting a crypto-currency. |
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I actually don't see the government thing as an "ultimate" hurdle.
The only way to kill Bitcoin is if all governments ban Bitcoin, and I really don't see that happening.
Heck even in the U.S. things can be jumbled up.
If one state decided to adopt Bitcoin, the U.S. government wouldn't be able to prevent that state from using BTC (violation of the 10th Amendment). Sure the financial and regulatory issues would be convoluted, but from an overarching perspective the state could still allow people to transact in it, as long the state transacts with the federal government in USD.
good point.. It will never die completely however for bitcoin to mean something in the future, I think everything stands on what the US does... If the US takes a positive stand on BTC western euro countries, I think are likely to follow in Belgium and the Netherlands, Finland and Norway, there are some positive voices already ( along with negative warnings ) but no decisions are being made... and few politicians understand BTC once USA and western euro countries embraced BTC, ( not regulating it to death ) BTC will take off It definitely would be nice if the US somehow adopted Bitcoin. That said, even if the US doesn't, it's very likely that would cause a bunch of other countries to adopt it (you know, good old politics and hate towards the US). It'd kinda be like a fun balancing scale. Some country is going to act contrary to another country's politics and fiscal policy at some point. |
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I actually don't see the government thing as an "ultimate" hurdle.
The only way to kill Bitcoin is if all governments ban Bitcoin, and I really don't see that happening.
Heck even in the U.S. things can be jumbled up.
If one state decided to adopt Bitcoin, the U.S. government wouldn't be able to prevent that state from using BTC (violation of the 10th Amendment). Sure the financial and regulatory issues would be convoluted, but from an overarching perspective the state could still allow people to transact in it, as long the state transacts with the federal government in USD.
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